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Supply chains are complex and the more extended they become the more complex they get. Mark van Rijmenam ( @VanRijmenam ), founder of Datafloq, explains, “Global supply chains are complex processes. Different companies, with distinctive objectives, are working together to achieve a common goal; to bring something from A to B. For a supply chain to work, partners have to trust each other.
Ready for a shocking stat? Counterfeit consumer goods now total at a global value of $1.77 trillion a year. Understandably, these knock offs are creating some significant trust issues between retailers and their consumers, and , retailers and manufacturers. Ready for some more numbers? This fraud is running rampant in American retail and hurting merchants’ abilities to create a consistent, consumer-driven assortment.
It is a common thought in the business world that logistics and supply chain management, as essential and important business divisions for delivering the right product at the right place at the right time, are not as exciting and fun as other business divisions like marketing or sales. However in the last decade, the world and the workforce has dramatically changed due to the expansion of smartphones, digitalization, and Generation Y and Millennials starting their professional lives.
Hello and welcome back to another episode of “The Freight Project Podcast!” On today’s episode, Cerasis welcomes back Greg Braun, Senior Vice President of C3 Solutions, a yard management & dock scheduling software company. We hope you enjoy “The Freight Project Podcast.” You can subscribe and find this podcast on Apple iTunes, Google Play, Spotify, Soundcloud , YouTube , and iHeartRadio!
Product lead time is crucial in the life sciences industry and represents a key consideration for customers’ purchasing decisions. For this reason, BD Biosciences aimed to optimize its global supply and distribution network to reduce delivery lead time to customers and optimize its global inventory. How was BD Biosciences successful in reducing global distribution lead times between 30% and 60% in addition to: Increasing agility to prioritize urgent and ad-hoc customer requests Increasing global
by Alex Rotenberg “He who lives by the crystal ball will eat shattered glass.” – Ray Dalio. Traditional supply chain planning techniques have failed. Companies are too slow to react to changes, and collaboration across silos and continuous learning options limited. We need a new approach to planning, to know sooner and act faster. Concurrent planning provides this ability to continuously and simultaneously plan, monitor and respond to changes in one single environment.
Last week, at the Four Seasons resort in Orlando, I attended a meeting organized by a leading logistics service provider for its sales executives. I moderated several workshops and a fireside chat with the attendees. One of the topics that we discussed was customer experience. I showed them the chart below from a research study we conducted last March (in partnership with BluJay Solutions, a Talking Logistics sponsor) that shows how “To deliver an enhanced customer experience” is the main driver
Last week, at the Four Seasons resort in Orlando, I attended a meeting organized by a leading logistics service provider for its sales executives. I moderated several workshops and a fireside chat with the attendees. One of the topics that we discussed was customer experience. I showed them the chart below from a research study we conducted last March (in partnership with BluJay Solutions, a Talking Logistics sponsor) that shows how “To deliver an enhanced customer experience” is the main driver
Gartner analyst Paul Lord has developed a framework to better understand inventory trade-offs by categorizing those decisions according to the objectives they are meant to achieve: structural, operational and situational. Many companies struggle with decisions such as “How many days of sales or inventory turns per year should we target? or “How can we reduce inventory and improve our balance sheet?”.
The modern-day warehouse is serving as a laboratory for the introduction of innovative supply-chain technologies. But the implications for human workers remain uncertain.
Subscribe Here! Email Address. The 3 Pillars of Digital Procurement! I began my career working in a manufacturing plant within an international company that was completely vertically integrated. From component manufacturing through to subassembly manufacturing and end product assembly they did it all. Within 10 years the company experienced a number of site closures and declared that manufacturing was no longer a core competency.
Robots are a cornerstone of a smart factory, automating a wide range of manufacturing tasks that are monotonous, physically straining, or even hazardous. However, real-world robotics deployments have not lived up to the revolutionary potential the industrial sector had originally envisioned. Robot implementations are typically confined to specific applications, carry high costs, and are time-consuming.
Many Chinese businesses and factories shut down for three to four weeks to allow millions of workers to return to their hometowns to celebrate the festivities with their families.
Supply Chain Challenges: Freight Volume Rising, Driver Shortage Growing The shipping industry plays a critical role in world economics. Its immense power stems from its ubiquity–in every sector, you will find shipping and a supply chain. An essential component of the shipping industry is trucking, which many companies and industries prefer because of its low cost, refrigeration potential, and fast delivery time.
Implementing a modern warehouse management system (WMS) is useful to ensure the scalability and functionality of supply chains. While numerous WMS applications offer different benefits and capabilities, common threads exist around WMS implementation and go live plans. Supply chain leaders should know WMS implementation challenges , as well as WMS best practices to execute a WMS go-live date successfully. .
An important lever for modern organizations. Sourcing is a key component of your Supply Chain – perhaps the most important part. As companies are navigating an increasingly turbulent yet robust economic climate, businesses in manufacturing, mining and metals, food and beverage, and other industries are looking for ways to reduce raw material procurement spending and offset rising material costs.
A digitized supply chain leverages humans and technologies to promote efficiency and productivity. Automation is often used to describe the use of robotics, but it has additional implications for use in managing data, developing forecasts, adjusting the flow of work, and much more. Automating a warehouse, including the physical and virtual processes, can help supply chains stay competitive and meet challenges, like the growing supply chain talent shortage , explains JDA.
Pharmaceutical supply chains demand end-to-end visibility The pharmaceutical industry is a huge global business with an intricate supply chain that demands visibility and transparency. The top drug-makers are conglomerates, with divisions and research arms located across multiple geographic regions operating across complex partner ecosystems. Adding to the complexity, partners may own entire segments of the value chain, making effective supply chain management seem almost impossible to achieve.
Economists at SMC Jump Start 2019 expect economic growth to slow. A strong year of growth in 2018 has given way to concerns in 2019 regarding trade wars, stock market volatility, and the government shutdown. “I’m not saying shut it down, hunker down for the future. 2019 is going to perform above benchmark,” said Donald Ratajczak as reported by the JOC.
The $53 trillion manufacturing economy in the US is undergoing a major automation paradigm shift due to Artificial Intelligence (AI). Thanks to new practical frameworks, automation projects that were once impossible or inefficient to implement are now being fast-tracked, and robotics automation is becoming increasingly relevant to a growing number of users and scenarios.
Intermodal Transportation Landscape In a 2017 American Shipper Report on global sourcing, 58% of shippers indicated that their biggest concern today is rising intermodal transportation costs. In the last few months, shipment volumes and expenditures have increased significantly year over year—an 11.9 percent increase in volume and a 17.3 percent increase in spending—according to another American Shipper article.
Ready for a shocking stat? Counterfeit consumer goods now total at a global value of $1.77 trillion a year. Understandably, these knock offs are creating some significant trust issues between retailers and their consumers, and , retailers and manufacturers. Ready for some more numbers? This fraud is running rampant in American retail and hurting merchants’ abilities to create a consistent, consumer-driven assortment.
Netflix has revolutionized the way we watch movies and TV shows. By embracing innovation and employing new technologies, it has made the process of picking and watching on-demand movies easy and inexpensive. Innovative companies can follow Netflix’s model and transform their supply chain operations using some of the same technologies. How? A lot of the technology used by Netflix is similar to the technology that is needed in supply chain management today.
Effective and efficient supply chain inventory planning teams are absolutely critical to meet the ever-increasing demands of customers. Teams are getting fired up to meet the company goals and deliver service excellence. There is a dizzying array of solutions and methods companies employ to manage their supply chain hoping to manage their unique challenges.
“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.
Supply Chain Dive —Stockpiling chocolate and cookies isn’t uncommon before the holiday season, though in Cadbury’s case, it wasn’t just to ensure there would be enough for Christmas sales. Britain’s exit from the European Union is causing uncertainty for manufacturers like Cadbury who rely on open trade for ingredients and finished goods. Brexit isn’t the only […].
Alloy recently had the pleasure of joining the Slalom Digital Innovation in Supply Chain Summit , January 23–24 in Seattle. The brainchild of Harshad Kanvinde at Slalom Consulting and Neil Ackerman at Johnson & Johnson, the roundtable was an intimate gathering of supply chain leaders that offered great opportunities to meet and learn about what’s top of mind for enterprises like Procter & Gamble, Mars, The Pokemon Company, and The Coca-Cola Company.
Total Retail —Fulfilling both in-store and online orders for custom furniture within 30 days is challenging enough. Factor in a 1,500-product catalog and a worldwide sourcing network, and an agile supply chain becomes indispensable. For one major furniture retailer, a technology-enabled supply chain has been key for keeping up with today’s retail environment.
Supply chain management has a few common kinks that keep the overall system from running exactly the way we want. Those kinks can be frustratingly out of our control, such as receiving shipments from suppliers. But one of the worst offenders is usually in the center of your operation. Sorting systems are vital to improving workflow, but they are prone to bottlenecks and inefficiency.
Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives
Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri
"Visibility is finally real. It's finally happening." In this recent interview with Supply Chain Brain Editor-in-Chief Russell Goodman, Tive CEO & Founder Krenar Komoni sheds light on the latest developments in supply chain as well as what's in store for the future.
The DoD runs the largest active Radio Frequency Identification (aRFID) enabled in-transit visibility tracking system in the world. The Radio Frequency In-Transit Visibility (ITV) network has points of presence in 2,000 locations in over 50 countries and tracks and over 57,000 shipments of mission-critical supplies and sensitive equipment weekly destined for warfighters across the globe.
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